QNUPS last opportunity to protect against your UK inheritance tax liability

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Contributor: Fiduciary WealthCitizenship: UK NationalsLast Update: 27/10/2025

QNUPS last opportunity to protect against your UK inheritance tax liability

26 November 2018

Have you formally exited the UK? Are you tax resident in Spain or some other foreign country? Do you know the UK is looking to remove the inheritance tax exemption for non-UK residents who place non-pension assets inside a QNUPS? These measures have serious implications for legitimate tax planning.

After you have severed your UK tax residency, if HMRC still considers you to be UK domiciled, the establishment of a bona fide overseas pension scheme (i.e. QNUPS) will not protect you against UK inheritance tax. Fair or not HMRC means business! We expect legislative changes to take effect from April 2015. You have a very limited time period within which to protect your estate from UK IHT. You had better use it or you will lose it!

To speak to a certified financial planner about protecting your estate from UK inheritance tax through proper cross border financial planning and retirement planning please call Tel: +34900102374 or email enquiries@fiduciarywealth.gi.

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